Tag: IFRS 15
Choosing between IFRS and IFRS for SMEs
Over the last few years we have seen various changes being made with regards to the International Financial Reporting Standards (IFRS) accounting framework, which includes new standards such as IFRS 15 (Revenue), IFRS 9 (Financial Instruments) and IFRS 16 (Leases), replacing the old IAS 18, IAS 32 and IAS 17 respectively.
IFRS 15 – Revenue from Contracts with Customers requires investment
From January 2018, the new revenue recognition requirements come into effect. The new revenue requirements may require additional investment to ensure compliance.
